Labor Force Vocab
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Unemployment | show 🗑
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| show | those who have worked at last one hour in the previous two weeks.
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| show | the number of employed persons plus the number of unemployed persons.
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| show | a percentage of the labor force that is not currently emplyed.
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| show | the percentage of the working age population classified as either employed or unemployed.
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| Employment-to-Population-Ratio | show 🗑
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| show | people ready and available to work, who have conducted a job search withing the past twelve months, but have not searched in the past four weeks.
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| show | unemployed in the general sense, but because they do not meet the technical definition, the unemployment rate does not reflect their numbers. Stopped the job search because of frustration.
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| U3 | show 🗑
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| U1 | show 🗑
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| U4 | show 🗑
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| U5 | show 🗑
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| show | the most all-inclusive measure of unemployment and includes all of the above plus those who are employed part-time because of economic reasons.
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| show | people voluntarily enter the labor force, or when they are between jobs for which they are qualified.
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| Structural Unemployment | show 🗑
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| Creative Destruction | show 🗑
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| Efficiency Wages | show 🗑
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| show | occurs when cyclical unemployment is present in the economy.
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| Natural Rate of Unemployment | show 🗑
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| show | Only includes people who have lost a job as opposed to those who have quit or those who have re-entered the labor force.
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| show | occurs because of contractions in the business cycle.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Mary-Jo
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